Don't Forget These Deadlines
July 31
Deadline for Filing Form 720 and Payment of ACA PCORI Fee for prior Plan Year. The Fee must be paid by health insurance carriers and plan sponsors of self-insured health plans (including HRAs).
July 31
File Form 5500 for Prior Plan Year (or File Form 5558 to Request 2 ½ Month Extension). ERISA welfare plans with fewer than 100 participants as of the first day of the plan year are excused from filing if claims are insured, paid from general assets (i.e. unfunded), or a combination of both. Potentially applies to all types of plans, including health FSAs, severance pay plans, EAPs and some voluntary coverage.
September 30
For calendar year plans, distribute Summary Annual Reports (SARs) to participants, COBRA beneficiaries and alternate recipients under QMCSOs within 9 months after close of the plan year or two months after the plan's extended 5500 deadline. SAR requirement does not apply to plans that pay benefits exclusively from the employer's general assets (i.e. no trust, no insurance contract, participant contributions are made through a Section 125 plan, etc.).
*For deadlines based on the timing of your plan year, contact your HUB account manager or refer to the HUB Compliance Calendar.
